Anonymous
Anonymous asked in Games & RecreationGambling · 2 months ago

If  you win a prize over 600 on the lottery do you pay taxes immediately   or  do you pay it with your taxes? ?

10 Answers

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  • 1 month ago

    That's no money power ball is about a billion dollars right now taxes must be paid.

  • Aaron
    Lv 4
    2 months ago

    if you just walk away with 600 dollars ,then you may not need to pay the tax ,every country have different rules about its tax threshold ,if you exceed that threshold ,then you may need to pay the taxes ,

  • Anonymous
    2 months ago

    With taxes normally on a smaller prize

  • 2 months ago

    That would depend on the tax laws of the country where this happened.

    Most lottery winnings up here in Canada, for example, are not classified as taxable income, so the prize would not be taxable at all.

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  • Jay P
    Lv 7
    2 months ago

    Yahoo is universal but tax laws differ wildly around the globe.

    In some countries, lottery winnings are even tax free.

    Care to share which country you call home anonymous poster?

  • 2 months ago

    On the off chance that you win cash or prizes on a game show, the rewards are available. On the off chance that you succeed at least $600, you'll most likely get a 1099-MISC tax document from the substance that granted you the monetary reward, and they'll additionally send a duplicate to the IRS. Regardless of whether you don't get a 1099, you actually need to report the estimation of your rewards.

  • Anonymous
    2 months ago

    Holy hell mRNA vaccine by Moderna contains *Luciferin* dissolved with *66.6* ml of distilled *phosphate* buffer solution.

    ...mark of the beast...that's what it is...

    Police stop you at checkpoint to check if you’re chipped (aka vaccinated)

    Police check the car; let's say 4 people car but signal only from 3; so, police stop it to chip the notyetchipped; signal from 4 now and police let the car go. This is prophecy by saint Vyacheslav Krasheninnikov. Notice police chip (aka vaccinate) people at gun point in Africa; so, no more "it's not gonna happen here" 'cuz it will soon enough, capisce?

    Police do it on highways or when you leave your city... basically, you can't leave your city unless you're vaccinated; but vaccine = mark of the beast; so, escape now while your city doesn't have these rules; forgive me.

    Gov't sprays chemtrails so that people feel symptoms of flu

    5G will kill vaccinated; just read Georgia Guidestones' commandment of 500 million max population on earth; it fits with Orthodox Christian prophecy of 7 percent of people left

    Russian Orthodox prophecy also says that there will be unbearable stench in winter. So, there you go. Russian winters are cold. So, they must have died from the new disease that doesn't have a name 'cuz it's caused by 5G.

    martial law; Constitution was suspended; New World Order

    read Book of Revelation; Chapters 13 and 14, please

    chipped people will be influenced by super computers to receive World Passport (grey plastic card with no name on it), but when they stretch their hands to get it, gov't clerk presses secret button to administer the unforgivable green 666 tattoo by isotope rays

    If you escape mark of the beast, then your direct ancestors go to permanent heaven

    how to escape it? by hiding within a small group (10 - 15 people according to saints Gabriel Urgebadze and Seraphim of Sarov); no documents; no electronics

    Project Pogo = Alex Jones, QAnon, Adam Green, etc. videos are put out so that gov't tracks who watches them. (Project Zyphr annihilates people who watch these videos). Drone with scopolamine will drill a hole in your window at 4 am. Once gassed, you will come out to the police van (waiting for you outside) yourself; you will be taken to underground camp to be tortured for adrenochrome. The rest of the people will be secretly (or even openly) chipped when they sign up for food in closed stores

    AI (artificial intelligence aka demons) will post on your social media as if it were you doing it while you're on vacation; it will even make phone calls on behalf of you; no one will notice that you're missing in action.

    Source(s): Documents are from Satan; burn all the documents that you can find. Electronics will be used to track you. Even old broken unplugged 1970 TV set will show the evil flying antichrist using Tesla's ether. Don’t go into UFO to be “healed” by evil demons; demons never do good; always pray the Jesus prayer or to saints who help right away (like saint Vyacheslav Krasheninnikov according to whom if you reject mark of the beast, then your direct ancestors go to heaven); forgive me.
  • 2 months ago

    With taxes normally on a smaller prize

  • 2 months ago

    Both.

    They withhold a percentage and send it to the IRS as an estimated payment. Then they give you a tax form which you have to include on your taxes. If the money they withheld doesn't cover all the taxes it will result in owing money or getting a smaller refund when you file your tax return.

    They send a copy of the tax form to the IRS as well, so the IRS will know if you "forget" to include it on your taxes.

  • 2 months ago

    Yea and no hahah have a wonderful day

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